AP govt staff to get half salary on Dec 1st

In what could be big disappointing news for state government employees, they are not going to get their full pay on December 1st. They will be allowed to take home only an amount of 24,000 in the first week of the month irrespective of their net salary.

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Although the state government will route the entire pay into their bank accounts by December 30. Sources said that the RBI has expressed its inability to spare entire amount sought by the state government for disbursement of full salaries to the government employees and pensioners.

Sources said that the RBI, however, assured to set around 3,000 crore aside to clear only the first week payments of total salaries. Of this amount, around 1,500 crore will be spared for state government employees and pensioners and remaining 1,500 crore for central government employees and PSU staffers. The RBI is reported to have assured the state government of another 2,000 crore by second week.

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